Tesla has transferred its entire stash of 9,720 Bitcoin, valued at over $760 million, to new, unidentified wallets.
The reason behind Tesla's BTC transfer is currently unknown, leading to speculation about whether they intend to sell, acquire more BTC, or reinstate Bitcoin payments for Tesla vehicles.
Different analysts have different theories, with some suggesting that the transferred BTC likely moved to new wallets still under Tesla's control.
However, there are also speculations that Tesla might be selling its BTC holdings in an over-the-counter deal.